Regulatory reforms across European countries have attempted to increase consumer welfare by introducing competition and choice into public service markets. But it has been questioned whether reforms have benefited all people equally, suggesting that vulnerable groups of service users are...

A common argument against privatization is that private providers will self-interestedly lobby to increase the size of their market. In this Article, I evaluate this argument, using, as a case study, the argument against prison privatization based on the possibility that the private prison...

I develop a model of public sector contracting based on the multitask framework by Holmström and Milgrom (1991). In this model, an agent can put effort into increasing the quality of a service or reducing costs. Being residual claimants, private owners have stronger incentives to cut costs than...

The for-profit hospital is in the minority numerically in all developed countries. Although the for-profits' market share has been quite stable for decades, for-profit chains have grown in share and influence in the United States. By contrast, for-profit chains have made few inroads in other...

WHAT IS the most immediate tool of empowerment you can provide a person? Ask an economist. Or ask a laborer who has been moved to the outskirts of the city as a part of the quot;big-progressive resettlement schemequot;. Or ask a student. The most likely answer you will get is:...

The aim of this paper is to investigate the welfare effect of privatization in oligopoly when the government takes into account the distortionary effect of raising funds by taxation (shadow cost of public funds). We analyze the impact of the change in ownership not only on the objective function...

In 2016, statistical data began to be published in the framework of the newly introduced System of Public Property Management Efficiency Estimates. It was approved by Decree of the RF Government of 29 January 2015, No 72 and introduced by way of replacing the public sector monitoring data,...

Existing literature on mixed oligopoly focuses on competition among different types of firms but ignores their possible cooperation. We allow cooperation between public firm and private firm through subcontracting in a Hotelling mixed duopoly model. We find that when subcontracting is possible,...

We allow a general (non-uniform) consumer distribution in a mixed duopoly Hotelling model. We characterize respective conditions under which socially optimal pricing location are achieved. We find that, while the condition for socially optimal pricing is fairly general, that for a socially...